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EURO1

Hybrid

Large-value euro payment system operated by EBA Clearing. Multilateral net settlement - payments process throughout the day, final net positions settle at end of day in T2. SIPS-designated by ECB.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether EURO1 is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for EURO1.

ClearingPost holds sourced upcoming items for 16 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

All recorded changes →

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

Sources ClearingPost reads EBA Clearing · Authoritative (T1) · 10 of 15 fields carry a source and a recorded date · latest sourced entry recorded 28 Sep 2026 · evidence details ↓

Record · EURO1

Country
Eurozone (EU)
Currency
Euro (EUR)
Operator
EBA Clearing
Type
Hybrid
Operating Window
01:00–16:00 UTC · Mon–Fri
Year Established
1999
Tier?
Tier 1
ISO 20022?
Migrated
Region
Europe
Settlement Type?
Net
Participants
32 direct participants and 29 sub-participants (EBA Clearing EURO1 participant listing, September 3, 2026)
Avg Daily Transactions
174,883 daily avg (Aug 2026, EBA Clearing); Jul: 186,824; Jun: 191,124; May: 188,879; Apr: 205,842; Mar: 196,071; Feb: 192,159; Jan: 185,184
Avg Daily Value
€189B daily avg (Aug 2026, EBA Clearing); Jul: €203B; Jun: €209B; May: €201B; Apr: €212B; Mar: €213B; Feb: €190B; Jan: €196B
Notes

The registered August 2026 EURO1 figures could not be reproduced on the 28 September 2026 check. The EBA Clearing statistics page ends at July 2026, and a full enumeration of the table returned January to July 2026 followed by December 2025 back to January 2025, with no August row present and no page-level update stamp. The August figures currently displayed therefore rest on a reading of the page from 5 September 2026 that the operator source no longer supports, and both the volume and value fields are held pending human review rather than overwritten. The EURO1 overview page continues to state 32 direct participants, consistent with the 3 September 2026 participant listing check. EBA Clearing has published no news item since 17 June 2026. The EURO1 overview page continues to state '33 participant banks', maintaining a long-standing discrepancy with the detailed participant listing, which showed 32 direct participants on the September 3, 2026 check. EBA Clearing has published no news items since June 17, 2026.

EBA Clearing official website →
Reference Sources
EBA Clearing
Authoritative (T1)Entry recorded Mar 12, 2026
Status →Statistics →Participants →
See all Hybrid systems →See all systems in Eurozone →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
T2 / TARGETRTGS
Eurozone · EUR · ECB / Eurosystem
SEPA SCTACH
Eurozone · EUR · EPC / CSMs
SEPA SDDACH
Eurozone · EUR · EPC / CSMs
SEPA InstFPS
Eurozone · EUR · EPC / RT1 / TIPS
CHAPSRTGS
United Kingdom · GBP · Bank of England
BACSACH
United Kingdom · GBP · Pay.UK

Operations · EURO1

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for EURO1 (3)

Coverage whose headline or summary names EURO1, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the EURO1 operator or external.

AnalysisMar 30, 2026Headline names “EURO1”
EURO1 December 2025 Volumes Peak at 207,642 Daily as Sub-Participant Base Expands
EBA Clearing's large-value hybrid payment system reached its highest monthly averages of 2025 in December, processing 207,642 transactions per day worth €207 billion. The system enters 2026 with 36 direct participants and 34 directly addressable sub-participants, the latter growing from 28 as non-bank PSP access pathways expanded.
Operator source · EBA Clearing
AnalysisMar 28, 2026Summary names “EURO1”
Easter 2026 Tests Post-Mandate Instant Payment Capacity as TARGET Closes for Four Days
TARGET T2, EURO1, and STEP2-T will close for Good Friday and Easter Monday on April 3 and 6, while RT1 and TIPS continue 24/7 instant settlement through the four-day window at their current combined rate of over 10 million daily transactions. With six months of IPR sending mandate compliance behind the market, the Easter period offers a practical measure of how effectively instant rails now absorb payment flows that previously depended on batch settlement schedules.
External source · ECB TARGET operating schedule
AnalysisMar 26, 2026Headline names “EURO1”
EURO1 Averages 191,000 Transactions and €188 Billion Daily Through 2025 as Interbank Settlement Completes ISO 20022 Transition
EBA Clearing's EURO1 processed approximately 190,884 transactions per day at €188 billion through 2025, completing the transition to exclusive ISO 20022 operation in November while maintaining steady year-over-year growth. January 2026 figures show 3.7 percent volume growth and 8.3 percent value growth compared to January 2025, suggesting rising average transaction sizes as smaller commercial payments migrate to instant rails.
Operator source · EBA Clearing EURO1 Statistics

Wider coverage that mentions EURO1 (2)

These articles mention EURO1 in their text but not in their headline or summary, so they are listed as context rather than as EURO1 intelligence.

AnalysisMar 19, 2026Text mentions “EURO1”
RT1 Daily Settlement Values Triple Through 2025 as Instant Payments Shift Toward Corporate Use
EBA Clearing statistics reveal that RT1 average daily settlement values rose from 2.4 billion euros in January 2025 to 7 billion euros in December 2025, a 192 percent increase that far outpaced the 67 percent growth in transaction volumes over the same period. The October 2025 inflection point, when the IPR sending mandate and SCT Inst maximum amount increase took effect simultaneously, marks the moment instant payments began moving from a predominantly consumer channel to a corporate payment rail.
Operator source · EBA Clearing RT1 SCT Inst Statistics
GuideMar 11, 2026Text mentions “EURO1”
DNS, RTGS, and Hybrid Settlement: How Payment Systems Actually Clear and Settle
Understanding these models is essential for anyone working in payments - whether you are integrating with a new market's infrastructure, evaluating settlement risk, or simply trying to understand why a payment "cleared" but hasn't "settled.".
External source · BIS CPMI